evening,the thing is he would love to put rates up and smash the...

evening,

the thing is he would love to put rates up and smash the property price rise to a stunning halt.

But, he can't raise rates lest he crashes the economy from sick to comatose.

There in lies the rock and the hard place.

The government will HAVE to get off it's butt and, heaven for bid ---------

GOVERN.

They will have to control this market - certainly the chinese buying --------- but, can't do it through rates ---

they will have to put rules in place or suffer a disaster.

Stevens knows rates are a no go -- the only other desperate measure he has got is to warn - and he can't make it too fearsome or he risks a crash like he is trying to avoid.

Watch the space if the government actually has the guts - if not?????????? my guess is that banks would be getting uneasy - so if GOV. does nothing (which is entirely possible - you know, never make a decision unless you have to_ --

anyway if GOV. does nothing - my bet is banks will shut the purse - (imo, it accounts for the race for market share now - before the race is postponed due to bad weather).

that will hurt many as usual.

Great time to be watching - interesting year ahead.

Pinto